Posted on 05/10/2022 9:37:14 PM PDT by RomanSoldier19
Investors are eyeing what could be a pivotal consumer price index report for April, anticipating that the data shows inflation has already reached its height.
Economists warn that prices could remain elevated. The issue is how fast inflation could decline when it comes to determining how the Federal Reserve will respond with interest rate hikes.
CPI is expected to rise 0.2% in April or 8.1% on an annualized basis. That's compared with a 1.2% monthly increase or 8.5% gain year-over-year in March.
April's consumer price index report is expected to show inflation has already reached a peak — a development that some investors say could temporarily soothe markets.
But economists say, even with a reprieve in headline inflation, core inflation could gain on a monthly basis and stay elevated for months to come. Core inflation excludes food and energy costs.
The CPI report is expected to show headline inflation rose 0.2% in April, or 8.1% year-over-year, according to Dow Jones. That compares with a whopping 1.2% increase in March, or an 8.5% gain year-over-year. The April data is expected at 8:30 a.m. ET Wednesday.
Core CPI is expected to rise 0.4% or 6% year-over-year. That compares with 0.3% in March, or 6.5% on an annualized basis.
(Excerpt) Read more at msn.com ...
Yeah, no.
In before CNBC reports that it peaked again in June...
...and again in July...
...and then...
Untrue.
Did you see his week’s gasoline prices?
I predict $5 a gallon here in PA by Memorial Day.
A gallon of gas by me hit $5.09/gallon today. That's more than DOUBLE what it was the day Biden was illegally sworn into office when it cost $2.27/gallon.
Tell me again "inflation has peaked."
Horse hockey, as Sherman Potter used to say. Have these “experts” been to the store lately?
Went up $0.10/gallon every other day last week along the I-83 corridor.
Seems to be slowing this week but I’m not optimistic.
$0.99 /gallon the day that the Kenyan usurper raised his paw to fake the oath of office in January 2009.
Yeah, sure it has……
I would have to say, no.
And if you believe that, I have a Democrat out here in
California I’d like to sell you, who supports Limited
Spending, the Constitution of the United States,
restrictions on abortion, improving race relations,
only male and female genders, and doing away with CRT.
Oh yes, and he supports women so much he says men who
claim to have changed to women, should form their own
leagues and compete amongst themselves.
This is about as believable as inflation being over.
Wishful thinking by the left!
They can’t get their lies straight
Whew! That, combined with pedo joe’s proclamation today, must mean relief is mere seconds away. Minutes at the most.
Whew! That, combined with pedo joe’s proclamation today, must mean relief is mere seconds away. Minutes at the most.
Over the last few decades, gasoline prices have risen dramatically almost every year at this time. What’s driving the increase is the disruption at refineries that must change to summer fuel blends for many large metro areas in the country. This is highly disruptive for refineries for several weeks every spring.
This is one reason why fuel prices are not included in inflation calculations, by the way. You would see this gasoline price hike even if crude oil prices were flat or declining.
Bidens disinformation czar should release the price gas would be in June if Biden had not rid us of the Summer Blend of gas. Just like blaming Russia, he is successfully avoiding truth about his policies. Peaked, my eye.
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